Pakistani sources told Al Arabiya "We have a draft agreement, most of whose clauses have the approval of both parties"; The draft agreement includes a complete end to the war

This potential draft agreement between conflicting parties marks a significant step toward ending hostilities, which could reduce regional tensions and open pathways for economic recovery. Given its implications for stability in South Asia, investors might consider shifts in risk appetite, particularly for assets sensitive to geopolitical events such as oil and regional equities. The timeframe for implementation will be key in evaluating the durability of any ceasefire.